Human Resource Department- Necessity For Nationalised Banks In India

Abstract

Banking sector is a fast growing sector in India and nationalised banks have a stiff competition to face from private banks. Expansion in number of branches, the need to adopt new age technology and to recruit new generation of employees, adds up to the pressure to succeed in the market. In the absence of proper human resource department, nationalised banks are becoming directionless in order to survive in the souk. This study was carried out to spot the necessity of human  resource department in nationalised banks and the areas in which it is of great help. Through the study it was noted that bank employees are not fully aware of the importance of human resource department and top level executives don't find it necessary to incorporate it in their banking structure as they feel that it is for multi-national companies(MNC's)  and private organisations.